Area: Hamilton
Centre Average home price (2017): $ 330,589 3 - year price change: 74 % Realtor grade (out of 5): ★ ★ ★ Get more stats on this neighbourhood
Not exact matches
Of the four cities we looked at, Toronto is the only one where
homes 20 minutes from the city core are smaller — by an
average of 12 % — than
homes right downtown; Calgarians end up paying roughly the same
price - per - square - foot for their living space whether they buy 30 or 60 minutes from the city
centre; and in Vancouver, it can be more costly to live 50 minutes out than it is to live closer to downtown.
Detailed data on commute times, current
average sale
prices, living space and lot sizes — including a tricky calculation to tell us how much of a
home's value is currently locked into the land itself — were divided into layers spreading out from each downtown
centre (we used City Hall to keep things consistent).
Although
average price is the barometer for housing values in most major
centres, first - time buyers looking to achieve
home ownership consider starting
prices a more meaningful gauge of affordability, says the report.